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    A S S E T S: Exercise 2-4

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    Allyne Tabares
    The document contains an accounting exercise with a T-account format listing assets, liabilities, capital, revenues and expenses. It shows cash, office furniture, equipment and accounts receivable as assets and accounts payable, capital, withdrawals and consulting revenue as liabilities and capital. It also lists salaries, rent, utilities and miscellaneous as expenses.

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    A S S E T S: Exercise 2-4

    Uploaded by

    Allyne Tabares
    5 views4 pages
    The document contains an accounting exercise with a T-account format listing assets, liabilities, capital, revenues and expenses. It shows cash, office furniture, equipment and accounts receivable as assets and accounts payable, capital, withdrawals and consulting revenue as liabilities and capital. It also lists salaries, rent, utilities and miscellaneous as expenses.

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    2-4

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    The document contains an accounting exercise with a T-account format listing assets, liabilities, capital, revenues and expenses. It shows cash, office furniture, equipment and accounts receivable as assets and accounts payable, capital, withdrawals and consulting revenue as liabilities and capital. It also lists salaries, rent, utilities and miscellaneous as expenses.

    Copyright:

    © All Rights Reserved
    Download as XLSX, PDF, TXT or read online from Scribd
    Download as xlsx, pdf, or txt
    5 views4 pages

    A S S E T S: Exercise 2-4

    Uploaded by

    Allyne Tabares
    The document contains an accounting exercise with a T-account format listing assets, liabilities, capital, revenues and expenses. It shows cash, office furniture, equipment and accounts receivable as assets and accounts payable, capital, withdrawals and consulting revenue as liabilities and capital. It also lists salaries, rent, utilities and miscellaneous as expenses.

    Copyright:

    © All Rights Reserved
    Download as XLSX, PDF, TXT or read online from Scribd
    Download as xlsx, pdf, or txt
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    EXERCISE 2-4

    A S S E T S =

    CASH OFFICE FURNITURE OFFICE EQUIPMENT ACCOUNTS RECEIVABLE


    1 150,000
    2 (7,500)
    3 (26,000) 26,000
    4 10,500
    5 12,750
    6 (27,500) 55,000
    7 7,000 (7,000)
    8 8,000
    9 (32,500)
    10 10,250
    11 11 500
    12 6,000 (6,000)
    13 (4,000)
    14 (2,250)
    15 (10,000)

    74,000 34,000 55,000 (250)

    TOTAL ASSETS 162,750 =


    LIABILITIES + CAPIT
    ACCOUNTS PAYABLE BAGAT, CAPITAL BAGAT, WITHDRAWAL CONSULTING REVENUE
    150,000

    10,500
    12,750
    27,500

    8,000

    10,250
    115,000

    (4,000)

    (10,000)

    31,500 150,000 (10,000) 148,500

    277,750 TOTAL LIABILITIES &


    CAPITAL
    SALARIES EXPENSES RENT EXPENSES UTILITIES EXPENSES MISCELLANEOUS EXPENSES

    (07,500)

    (32,500)

    (02,250)

    (32,500) (07,500) (02,250) 0

    TOTAL LIABILITIES & CAPITAL

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